Listing Details for MLS # NS1084343
1705 S Atlantic Avenue Unit 603, New Smyrna Beach, Fl 32169

Residential Property - Condominium in New Smyrna Beach

Listing Price: $998,500Days on Market: 181

Description of Property

Experience the perfect blend of luxurious oceanfront living and strong rental income potential — with returns up to $70,000 annually — at The Malibu, New Smyrna Beach’s Premier Boutique Condominium Complex. This beautifully updated 2,226 sq ft residence, including an oversized balcony, offers 3 bedrooms, 3 baths, plus a versatile 4th bedroom/flex space, making it as ideal for private enjoyment as it is for investment. beautifully updated 2,226 sq ft; including oversized Balcony; 3 bedroom, 3 bath unit features a bright, Open Floor Plan with breathtaking Ocean Views you can soak in from your front door to your Private Balcony. Key features include a Split Floor Plan designed to provide maximum Privacy, featuring 2 Additional En Suite Bedrooms (with an additional 4th bedroom or flex space that offers versatility to suit your needs), which all assures ample space that’s perfect for family as well as guests.  The Primary Suite is a true Sanctuary, offering Full Oceanfront Views, Private Sliding Door to the balcony, a spacious Walk-In Closet, and a Spa-like Bathroom featuring an oversized Jet Soaking Tub, Dual Vanities and huge Walk-In Shower. The well-appointed sleek/clean kitchen features Stainless Steel appliances and solid surface Quartz Countertops. Recent upgrades to this unit in 2024 include; AC/HVAC system, Flooring, Hot Water Heater, Whirlpool Refrigerator. Exclusive Malibu amenities include a Private Large Gunite Pool (with heater), Large Pool Deck area along with a relaxing Hot Tub.  The Clubhouse features a great Fitness Room for residents' enjoyment. The Malibu provides Reserved Underground Parking, a Generator for both Elevators, Pets are allowed for owners. The Malibu offers an attractive 7-Day Rental period, making this Direct Oceanfront Condo a Highly desirable Investment Opportunity. With 3 Bedrooms, plus 4th Room Flex space, Resort Style amenities, and a Prime location just South of Flagler Avenue, this property is positioned for High-Rental Demand and strong earning potential making this not only a Luxurious Residence but also a smart Income Producing Asset. Recent complex updates include: Exterior Painted in 2024 and fully re-landscaping. Extended 60 Ft Seawall, and the existing Seawall was recently re-conditioned. The Malibu is Well Maintained and has Fully Funded Reserves. (See Reserve Study.) Comprehensive HOA includes: Landscaping, Cable TV, Building Insurance, Exterior and Common Grounds upkeep, Clubhouse and Exercise Facility, Electronic Coded Lobby Security and Trash Service. Beach access is just a few steps away. Combined with the Malibu’s Prime Location just south of Flagler Avenue, along with its many Shopping opportunities and Great Restaurants, all a short walk away. Come and enjoy Coastal Living at its finest in the Luxurious Malibu Condominium today, with unparalleled Oceanfront Views, top-tier Amenities and modern upgrades.  This is a rare opportunity to own a Piece of Paradise in one of the most sought-after locations in New Smyrna Beach. Be sure to check out our Video Tour.The average asking price for a 3 bedroom/3 bath condominium in this Zip code is $1,169,397. This condominium is listed at about 85% of the average asking price. There are 2 3 bedroom/3 bath homes between $800,000 and $1,200,000 currently listed for sale in this Zip code. See other listings like this one »